Trinity Legacy Partners LLC Purchases New Position in Philip Morris International Inc. $PM

Key Points

• Trinity Legacy Partners LLC has acquired a new position in Philip Morris International, purchasing 1,467 shares valued at approximately $240,000.
• Several other institutional investors have significantly increased their stakes in Philip Morris, with Kovitz Investment Group Partners boosting their holdings by 372.2% in the fourth quarter.
• Philip Morris reported a Q2 earnings per share (EPS) of $1.91, surpassing expectations, alongside a revenue of $10.14 billion, while also announcing a quarterly dividend of $1.35.

Trinity Legacy Partners LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,467 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in Philip Morris International by 122.8% in the fourth quarter. Pinebridge Investments L.P. now owns 51,438 shares of the company's stock worth $6,191,000 after purchasing an additional 28,353 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Philip Morris International by 1.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 45,432 shares of the company's stock worth $5,468,000 after purchasing an additional 766 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after purchasing an additional 4,298,530 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PM. Bank of America raised their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Price Performance

Philip Morris International stock opened at $171.67 on Friday. The stock has a market cap of $267.22 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.54 and a beta of 0.48. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a 50-day moving average of $173.69 and a two-hundred day moving average of $165.95.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 102.66%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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